HDFC Bank stock gains as CEO succession draws analyst support

Published on 09/22/2026 at 06:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HDFC Bank stock traded at INR 739.50 on September 21, 2026, up 1.16 percent. Bernstein set an INR 1,150 target, while Jefferies cited INR 880.

HDFC Bank, INE040A01034, Illustration mit AI erstellt.

HDFC Bank stock (ISIN INE040A01034) closed at INR 739.50 on the NSE on September 21, 2026, up 1.16 percent, as CEO succession remained the central market theme. The bank's market capitalization stood at INR 11.39 lakh crore, while reported volume reached 35.48 million shares on the same date.

Analysts back the succession outlook

According to Economic Times on September 21, 2026, Bernstein rated the stock Outperform with a target of INR 1,150, while Jefferies retained Buy with an INR 880 target. The targets imply 55.5 percent and 19.0 percent upside from the INR 739.50 reference price, respectively.

The same Economic Times report said Nomura retained Buy with an INR 950 target, equivalent to 28.5 percent above the September 21 close. The gap between Jefferies' target and Bernstein's target is INR 270, showing how differently the brokerages quantify the bank's longer-term potential.

Price remains below the yearly peak

Market data cited by BusinessWorld on September 21, 2026 placed HDFC Bank's 52-week high at about INR 1,020. The INR 739.50 close was therefore INR 280.50 below that level, a difference of 27.5 percent based on the cited figures.

Business Line reported on September 21, 2026 that the stock traded at INR 738.55 during the session against a prior close of INR 731 and reached an intraday high of INR 739.70. The cited session volume was 11.628 million shares, while market capitalization was INR 11.39 lakh crore.

HDFC Bank stock closes at INR 739.50

HDFC Bank stock closed at INR 739.50 on the NSE on September 21, 2026, with a daily gain of 1.16 percent. The market response places succession expectations alongside the valuation gap to the 52-week high and the wide range of published analyst targets.